Indo-National Limited has informed the Exchange regarding 'Updates on order by Hon'bl NCLT, Chennai Bench on March 10, 2026 on Scheme of Amalgamation'.
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On the reaction day the stock moved 1.4 pts less than Nifty Microcap 250 and 0.3 pts less than its Household Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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The National Company Law Tribunal (NCLT), Chennai Bench has pronounced its order on March 10, 2026, sanctioning the Scheme of Amalgamation between Helios Strategic Systems Limited (Transferor Company) and Indo-National Limited (Transferee Company) and their respective shareholders and creditors, under Sections 230-232 of the Companies Act, 2013. The company is awaiting the certified copy of the order and will share it with the stock exchanges once received. The scheme will become effective only after the certified copy of the order is filed with the Registrar of Companies, Chennai.
This is a positive structural development — once the amalgamation becomes effective, Helios Strategic Systems will be merged into Indo-National, which could lead to consolidation of business operations, potential synergies, and a revised shareholding pattern. Shareholders should watch for next steps including the filing with the RoC, the appointed date, and any share swap ratio details.